News > Oil Ministry seeks review of windfall tax, wants certain fields exempted
Oil Ministry seeks review of windfall tax, wants certain fields exempted
The Hindu | 19/09/2022 09:55 PM | Click to read full article
The Oil Ministry has sought a review of the two-and-a-half-month-old windfall profit tax on domestically-produced crude oil saying it goes against the principle of fiscal stability provided in contracts for finding and producing oil.
The Ministry in the August 12 letter, reviewed by PTI, sought exemption for fields or blocks from the new levy.